The economic downturn that has resulted from the COVID-19 pandemic is already devastating households and families. While we do not yet know the full magnitude of the virus's impacts on the U.S. economy — and, in turn, on the nation's schools — it is evident that the effects will be substantial and likely reverberate for years to come. As states and localities work to estimate their budgets for the upcoming fiscal year, most are expecting large declines in revenue that will result in substantial budget shortfalls.
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